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Vitran Corp
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Clarke Closed The Sale of Its Truckload and Less-Than-Truckload Businesses
Jan 7, 2014Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million. The holding company expects a gain of $63 million to $68 million from the sale, it said in a Jan. 6 ...
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TransForce Is Buying The Canadian Assets of Vitran Corp
Jan 3, 2014After winning a bidding war with Manitoulin Transport, TransForce is buying the Canadian assets of Vitran Corp, TransForce announced Monday. Alain Bédard, chairman, president and CEO of TransForce said: "We are delighted to have ...
Tags: transportation
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Vitran Corp. Has Terminated Its Agreement with Manitoulin Transport
Jan 2, 2014Vitran Corp. has terminated its agreement with Manitoulin Transport and will instead be acquired by TransForce. TransForce offered $6.50 per share on Dec. 20, which Vitran said constituted a “superior offer” to the deal it ...
Tags: Vitran, Manitoulin Transport, TransForce, acquisition
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Vitran Corp Has Agreed to Be Acquired by TransForce Inc.
Jan 2, 2014Russ MacNeil Less-than-truckload carrier Vitran Corp. said it has agreed to be acquired by TransForce Inc., which outbid Manitoulin Transport Inc. for Vitran's Canadian assets. Vitran's which sold its U.S. LTL business in October, had ...
Tags: Vitran, TransForce, acquisition
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Manitoulin Transport Stood to Acquire The Canadian Operations of Vitran Corp.
Dec 27, 2013Manitoulin Transport stood to acquire the Canadian operations of Vitran Corp. until earlier this week. What changed? TransForce offered to pay $6.50 per share, beating out Manitoulin's offer of US $6.00, effectively starting a bidding ...
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Manitoulin Transport Reach an Agreement to Acquire Canadian Ltl Firm Vitran Corp
Dec 11, 2013Manitoulin Transport has reached an agreement to acquire Canadian LTL firm Vitran Corp. The deal includes all the outstanding shares of Vitran at a price of US$6 per share. The deal, including the assumption of Vitran's outstanding net ...
Tags: Manitoulin.Vitran Corp, acquire
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There Continues to Be Lots of Interest Surrounding Vitran
Sep 30, 2013There continues to be lots of interest surrounding Vitran, since it shed its US operations earlier this month. Last week, TransForce made a bid to acquire all its outstanding shares at US$4.50. Today, Clarke Inc. announced it was buying ...